Israel warns of more Lebanon strikes if Hezbollah not disarmed, Lebanon says truce violated
Thursday's attacks on what the Israeli military said were underground Hezbollah drone factories came after an Israeli evacuation call on...
Geostrategy
Inside Saudi’s hajj-only barbershop, shaving thousands of heads in a day
Mina, Saudi Arabia -- Near the holy city of Makkah, men in white robes stand quietly in a long queue,...
Arts & Culture
Business
Emirates expects to return to profit in ‘next 18 months’ as losses drop by half
Aviation giant Emirates expects to return to profitability "in the next 18 months" as the sector bounces back from the...
- The Dubai-based carrier said last week it was on the path to recovery as six-month losses dropped by more than half from a year earlier.
- Emirates posted an April-September loss of $1.6 billion, compared with $3.4 billion during the same period in 2020.
Geostrategy
East Libya strongman Haftar says to run for president
Haftar's announcement comes two days after the candidacy of Seif al-Islam Kadhafi -- the son of slain dictator Moamer Kadhafi...
- In his speech Tuesday, Haftar affirmed that the December election is "the only way to pull Libya out of chaos".
- Backed by Russia, Egypt and the United Arab Emirates, Haftar is a controversial figure, despised by many in western Libya.
Market Report
Asian markets mixed with focus on inflation, Biden-Xi summit
Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs .
- Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs
- But with the recovery well on track and people returning to a semblance of normality, inflation is surging to levels not seen in decades
Business
Every second, Pfizer, BioNTech, Moderna make $1k profit
The trio is estimated to make pre-tax profits of $34 billion this year: over $1,000 a second, $65,000 a minute,...
- Pfizer and BioNTech are estimated to have delivered less than 1 percent of their total supplies to low-income countries
- Moderna has delivered just 0.2 percent, according to an analysis
Geostrategy
Hundreds of migrants assisted off coast, says Morocco
Moroccan coast guards have assisted more than 300 migrants in difficulty aboard various craft since Friday.
- Despite stepped-up controls, migrant departures from Morocco's coasts have increased lately
- Mainland Spain is only about 20 kilometers (12 miles) from Morocco
Geostrategy
Biden urges ‘guardrails’ against conflict in virtual Xi summit
Biden emphasized the need for settling a relationship rocked by high-stakes disputes, including on trade and Taiwan.
- Biden emphasized the need for settling a relationship rocked by high-stakes disputes, including on trade and Taiwan
- Xi, speaking from Beijing, called Biden "my old friend," but said the rivals must work more closely
Business
Aviation emerging out of Covid crisis, outlook brightening: Airbus CEO
The global aviation sector has begun to emerge from the Covid pandemic, its worst-ever crisis, and the "outlook is starting...
- A large order of 255 of Airbus' planes at the Dubai Airshow "completely justifies" a shift to ramping up manufacturing, the CEO said.
- The United States has largely resumed, Europe is also resuming. Asia will probably take a little longer, Guilluame Faury said.
Geostrategy
UAE says COP26 a ‘success’ but world still needs to invest billions in oil, gas
The UAE, one of the world’s top crude exporters, said a recent UN climate summit in Glasgow was a “success”...
- Nearly 200 countries at the COP26 summit pledged Saturday to speed up the fight against rising temperatures, after two weeks of negotiations.
- UAE minister of industry Sultan al-Jaber said oil and gas industry would have to invest “over $600 billion every year until 2030 just to keep up with the expected demand".
Geostrategy
Iraq to start repatriating citizens in Belarus Thursday: ministry
Thousands of migrants from the Middle East, including many from Iraq's autonomous Kurdistan region, are camped out on the EU-Belarus...
- Thousands of migrants from the Middle East, including many from Iraq's autonomous Kurdistan region, are camped out on the EU-Belarus border
- Western countries accuse Belarusian President Alexander Lukashenko's government of engineering the crisis by encouraging migrants to come to Belarus
Business
Epic Games pulls Fortnite from China
Fortnite’s Chinese test version was released in 2018, but it never got the permission to be formally launched and monetized.
- Epic had announced two weeks ago that it would shut down the Chinese version of the game on November 15
- It noted back then that ‘Fortnite China's Beta test has reached an end,’ and that servers would be closed
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Israel warns of more Lebanon strikes if Hezbollah not disarmed, Lebanon says truce violated
Thursday's attacks on what the Israeli military said were underground Hezbollah drone factories came after an Israeli evacuation call on...
Geostrategy
Company News
Birkenstock to list on NYSE
Business
ExxonMobil to acquire Pioneer
Business
Latest News
Turkey’s central bank chief denies nepotism allegations
In a statement posted Friday on X, formerly Twitter, Erkan denounced the reports as "unfounded allegations" designed to undermine confidence...
Economy
Denial of Palestinian statehood ‘unacceptable’, says UN chief
In its final summit communique, the Non-Aligned Movement on Saturday "strongly condemned the illegal Israeli military aggression against the Gaza...
Geostrategy
NASA regains contact with mini-helicopter on Mars
Ingenuity, a drone about 1.6 feet (0.5 meters) tall, arrived on Mars in 2021 aboard the rover Perseverance and became...
Science
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Geostrategy
Israeli protesters demand return of hostages, elections
Demonstrators marched through the city's Habima Square, a frequent protest site, with some carrying signs calling Netanyahu "the face of...
- Netanyahu is under intense pressure to secure the return of the hostages seized by Hamas
- A father of one of the hostages said Netanyahu's war cabinet was heading for disaster
Geostrategy
Iran vows revenge after Guards die in Israeli strike
Iran's President Ebrahim Raisi vowed not to let the "cowardly assassination" go unanswered. Israel has been blamed for intensifying strikes...
- Tehran said it lost five members in the strike that it blamed on Israel
- Media reports from Iran say that one of the dead was General Sadegh Omidzadeh,
Geostrategy
US-led coalition base in Iraq hit by missiles
Al-Asad airbase was targeted by 15 rockets" fired from Anbar province, which is home to the military base, an Iraqi...
- A US defense official confirmed that "missiles impacted Al-Asad airbase", adding that a joint damage assessment was under way with coalition and Iraqi forces.
- The attack on the air base comes amid soaring tensions in the Middle East following the outbreak of the Israel-Hamas war on October 7.